Bitcoin - a leading diagonal?If you follow my X account, I posted this diagonal just after the waves 1-2 were printed. If this leading diagonal is the wave 1 in a larger impulse, then, most likely, we will get to $100k by the end of the year in the wave 3. Trade safeLongby Alpha_Mind0
$BTCUSDMarkets are getting into its demand fill as we get elections going on this week rumors of trump victory will make new all time high for BITSTAMP:BTCUSD expecting pullback into these levels and push to upside afterLongby calmstradesUpdated 0
This Bitcoin (BTC/USD) daily chart Bullish Bias: The overall trend remains bullish, with price action inside the ascending channel, above both the 50-day and 200-day SMAs, and positive MACD momentum. Caution for Potential Retracement: The Stochastic RSI's overbought condition and resistance near $74,000-$77,000 suggest that a pullback could occur. A retracement towards $64,000-$65,000 would be a healthy consolidation level and could present a buying opportunity if the trend remains intact. Breakout Confirmation: For continued bullish momentum, Bitcoin needs a decisive break above $77,000 with strong volume. This would likely confirm the bullish continuation toward higher targets, possibly above $80,000. Watch for Election Day Volatility: The approaching Election Day could lead to increased market fluctuations, so it's crucial to monitor support and resistance levels closely. This analysis indicates a cautiously optimistic outlook for Bitcoin, with a bullish bias, but readiness for a potential retracement or consolidation phase in the short term.Longby Stoxello0
Fifth Rejection from the Last HurdleBTC’s initial reaction to the $72,000 - $73,800 resistance indicates a fifth rejection at this critical level. For a potential retest of this resistance, BTC must secure a weekly close within the $65,500 - $67,300 support zone. As noted previously, BTC could experience a deeper pullback, potentially revisiting the downward trendline it broke out from two weeks ago. However, to sustain bullish momentum, BTC must maintain weekly closes above this trendline to bolster the likelihood of a renewed move higher.by SlimPhem1
BTC USD UpdateAnother monthly bullish candle has closed, but the bullish bias stopped the trend just before the all-time high in BTC/USD pair High liquidity has been grabbed, and we've seen a massive bearish reaction. I have a runner and a stop-loss below 65,149.51. If we lose this level, we're in bearish mode. Let's see what market makers are planning to do this week and what the overall end-of-year price action will be. I'll try to share some good setups, but going long just before we missed taking out the high looks a bit risky, so I'm in scalping mode, sitting behind order flow software and trying to catch a high-volume ride somewhere. I'll keep you posted!Longby themarketknight1
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High). Otherwise, in case of a breakdown, we can look for a small scalp/trade. Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀by abdulmoizboyUpdated 1
BTC - BTFD OpportunityBitcoin is in a significant support zone after a sell-off. We are taking the opportunity to open a long position, which should take us back above the USD 70,000 mark.Longby Ochlokrat0
Bitcoin investment must-have(11/4-11/10)This week is the U.S. election week, now the U.S. election uncertainty is very big, nearly a month since Trump's voice is very high, but the election process Harris's victory is gradually rising, the U.S. election has a major impact on the whole market, and there is also the interest rate meeting on Friday, the cryptocurrency market at present to watch and avoid the risk. Option ATM IV has risen to 80% this week, and with all of this month's option IVs significantly higher than forward options, the next few days could be big. 🌟 Heavyweight events this week: Tuesday 11/5 💼 Reserve of Australia announces interest rate resolution and monetary policy statement (11:30) 🌟 US holds 2024 presidential election 11/6 Wednesday 💼 Bank of Canada publishes monetary policy meeting minutes (02:30) 💼 U.S. Treasury announces debt issuance program for the new quarter (21:30) 11/7 Thursday 💼 Bank of England announces interest rate resolution and minutes (20:00) 💼 US initial jobless claims for the week (20:30) 11/8 Friday 💼 Fed announces interest rate resolution (03:00) 📌 Crypto Market Outlook: This week is the U.S. election week, now the election is burning, who will win is not yet known, and Friday's interest rate meeting, the market is generally believed to be a 25 basis point rate cut, this week's option parity IV has risen to 80%, cryptocurrency risk aversion is obvious. With Bitcoin's short-term term IV currently at high levels, it would be interesting to get in on a bit of election gaming this week. 📌 As for the crypto rate market, the Bitfinex rate market has been relatively flat lately, with occasional 20% high-interest orders, and it is worthwhile to actively transact when you come across the right rate order, especially when there is a market for it, which deserves special attention.Longby Greeks_live0
BTC/USD Analysis (03-Nov-24)BTC/USD Analysis (03-Nov-24): Sentiment: Bearish Current Range: 68,336.16 - 71,636.16 Target: Anticipate further decline to 62,434.50 due to weekly liquidity sweep. Shortby MUHAMMADWALEEDKHAN2
Bitcoin's Squeeze in price is building momentum upwards I hope you are well this Sunday. If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend. But this squeeze is building momentum in the Bitcoin tank. Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks. Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold. Longby Easy_Explosive_TradingUpdated 8
BTCUSDIsn't Price Action beautiful.... Price currently in-between Daily Bullish Swing Points. Also, Price just encountered Weekly High's, which has now caused Price to resist those levels. Close of today is the close of the week, & I'll then be dropping a video breaking down my viewpoint & thought process behind Price Action. Stay Tuned!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #MambaMentality #GodMode #HighLevelTraderby TheeSnipeGoat111
Bitcoin can breach retracement level and resistance levelBitcoin could not break ATH and once again fall to the retracement level and also break ascending triangle it is the sign bitcoin should go down and retrace more to the given levels in chart. bitcoin never go up without doing retracement so here we need a retracement of 63K for Bullish trend.Shortby FxPhilakone0
BTC price projection for November based on historical returnsI got data from CoinGlass looking at Bitcoin historical returns in November since 2013. BTC has accumulated 42.78% gains on average. With seven positive years out of eleven, November also has a median return of 7.12%, from opening (1) to closing (30). In particular, November’s best year was 2013 with 449.35% gains from day one to 30, followed by 2017 and 2020, with 53.48% and 42.95%, respectively. Meanwhile, 2018’s bear market resulted in -36.57% returns in November for Bitcoin, being its worst year followers by 2019. Bitcoin opened November 2024 at $70,272. So, if you project this price for the end of the month based on historical average and median returns, BTC could reach a range between: Median (7.12% = $75,275) Average (42.78% = $100,334) This, of course, is just for your entertainment, and the analysis shouldn't be used in isolation to make any financial decisions. I hope you enjoyed it. All things considered, Bitcoin price is impossible to predict with precision, as the market is extremely volatile and uncertain. Investors should understand what they are buying and consider multiple factors before pressing the button. Longby vinibarbosa1
BTC/USDT W In the event of a strong breakout and a weekly close above the white line, which is acting as resistance, the next price target is $250,000. As long as it remains below this line, there is a possibility of a drop to $50,000 and even $40,000.by Walwel0
forget 70k level, look out for this importanlevel to surpass... As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected. These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly. Best regards, and let’s hope that’s the case!! TRADE SAFE!Longby RocketMike1110
BTC/USD Weekend MovePotential BTC/USD Directional move for the weekend as we head our way out of the premium zone into discount. 4hr chart: Key levels of $69,859 would need to be mitigated to show any further strngth to the upside, however we have already sweept the liquidity resting at the 4hr fair value gap and price action seems to be having a bearing reversal pattern with the 20 ema heading to cross the 50 along with the 50 changing trajectory to face to 100. This move could be to tap into the decisional and extreme order blocks at $68,171 and $67,271 could then allow for a reversal and rightly so placing it conveniently within the discount zone on the PD array, the MACD would be sitting below 0 making it an optimal area for entry on the buy side as long as we get a clean reaction off $66,101, which would sit us perfectly on the 200EMA. Failing that we'll continue to head down to test $63,626 and at that pointthis would be the beggining of a bearish reversal on the 4hr. Certainly on the daily: Which would make sense since we seem to seem to have reached heavy resistance to the upside on the weekly: giving us more confirmations that we are in premium so sells are imminent as a liquidity grabe before heading into a markdown phase or we pull back up to continue the ranging market structure. Happy Trading and a good Sunday too you all.Shortby FXCapitalClub0
Long term Bitcoin plan of action.This is what I envision for Bitcoin up until 2030. I believe this current 2 week candle will close as a doji and then the following weeks after the US elections to be bullish. Bitcoin peaks around $93,236 based on fibs. Distribution will take place and price will thenhave a 50% to 60% bear market retracement that takes the chart into 2027 or 2028. That's where the market will bottom at around $45,000. Once renewed enthusiasm comes back into the market there will be a parabolic move skyrocketing Bitcoin to $336,000 where it will consolidate for some time having 40k + and - swings. After redistribution, hyperbitcoinization starts to become a reality around the world with one country after another making it their standard form of payments. At this point, there will be no top, at least not in our lifetimes. Bitcoin will continue to rise as global adoption takes place and by 2140, the year the last Bitcoin will be mined, you will use your Bitcoin to do anything. As Michael Saylor puts it, "There is no second best."Longby MonkeyPhone1
Falls in price deceive. Bitcoin's Daily Chart is Demand-driven! I know Bitcoin sold off really quickly about 48 hours ago trying to reach higher highs and resistance. Price also made no further attempts to retest the breakout high price, but not yet. Daily chart is attached. It looks indicative of higher prices to my eyes, but we only see what we see. If I am missing something more bearish please write in the comments. It's a learning curve for us all. Quickly my reasons, Bitcoin switched to a Demand-channel in recent months, you know higher highs and higher lows, now recently Bitcoin price has remained in the upper part of channel, for me that is a bullish sign. Check the chart. Thanks for reading. Longby Easy_Explosive_TradingUpdated 1
Bitcoin/USD H4 timeframe, Swing trade Idea.Bitcoin/USD H4 timeframe, Swing trade Idea. Wait for rally to Supply zone and confirmation to drop to Demand. Risk ti Reward 1:12.Shortby TraderAdrianF5
BTC IS LATEPretty calm weekend for now but BTC should get back to HH levels before testing the blue line again ; the red circle shows the average area where BTC could break back down and fall to the 68/9s again.Longby edl751
Recommended Books for a Trader from Beginner to ExpertHere is my subjective list of recommended books for traders. While there is some overlap in the material—especially regarding technical analysis and risk management—each book offers unique concepts and tools, enriching your learning path and expanding your skillset. I'm not sharing any links but all books are easily accessible on the internet. Beginner Level: 1. “Trading the Trends” by Fred McAllen This book introduces readers to the fundamentals of market operations, technical analysis, and option trading. McAllen, a retired stockbroker and active investor, emphasizes the importance of recognizing market trends early and provides strategies suitable for long-term investing. The book includes real-world examples to help readers understand and apply trend-trading techniques effectively. 2. “How to Swing Trade” by Brian Pezim & Andrew Aziz Co-authored by experienced traders, this book focuses on swing trading strategies, which involve holding positions for several days to weeks. It covers topics such as identifying profitable trades, managing risk, and understanding market psychology. Additionally, the book introduces fundamental analysis concepts, aiding traders in making informed decisions. Andrew Aziz is the founder of Bear Bull Traders, a community of independent stock traders and analysts. Intermediate Level: 3. “Charting and Technical Analysis” by Fred McAllen In this comprehensive guide, McAllen delves deeper into technical analysis, teaching readers how to interpret price movements and market trends. The book covers various charting techniques, candlestick patterns, and indicators, providing readers with the tools needed to make informed trading decisions. It's designed to help traders recognize market tops and bottoms, entry and exit points, and understand the dynamics of buying and selling pressures. 4. “How to Day Trade for a Living” by Andrew Aziz This book offers a comprehensive overview of day trading strategies, including risk management principles and the configuration of stock screeners. Aziz shares his personal experiences and insights, making complex concepts accessible to intermediate traders. The book also provides guidance on developing a trading plan and maintaining discipline in the fast-paced world of day trading. Andrew Aziz is the founder of Bear Bull Traders, a community of independent stock traders and analysts. 5. “The Wyckoff Methodology in Depth” by Rubén Villahermosa Villahermosa provides an in-depth exploration of the Wyckoff methodology, focusing on principles such as accumulation/distribution, markup/markdown, cause-effect and other. The book includes numerous case studies that demonstrate the application of these techniques, making it suitable for both day and swing traders. Readers will gain a solid understanding of market cycles and the behavior of different market participants. Expert Level: 6. “Wyckoff 2.0” by Rubén Villahermosa Building upon his previous work, Villahermosa introduces Volume Profile analysis and integrates it with Wyckoff principles. This advanced material is designed for experienced traders looking to deepen their understanding of market dynamics and enhance their trading strategies. The book provides detailed explanations and practical examples to help traders apply these concepts effectively. 7. “Markets in Profile” by Jim Dalton Authored by a renowned industry expert, this book explores Market Profile analysis, a tool used by many traders to understand market behavior. While it may not be highly practical for all readers, it offers substantial insights and encourages traders to think critically about market structure and participant behavior. The book emphasizes the importance of context in trading and provides a framework for understanding market movements. All Levels: 8. “Trading in the Zone” by Mark Douglas Focusing on trading psychology, this book addresses the mental aspects of trading, such as discipline, confidence, and risk perception. Douglas provides insights into developing a winning mindset and overcoming common psychological barriers that traders face. It's a valuable read for traders at any level seeking to improve their mental approach to trading. Let me know what you think Educationby hermes_trisme0
BTCUSD 1H TIMEFRAME Analysis and Trade Setup for BTC/USD: Overview: In the 1-hour timeframe, Bitcoin is displaying signs of a triple bottom formation around the $68,773 - $69,342 zone, indicating strong buying interest at this level. This pattern is often considered a reversal signal, suggesting a potential upward move if BTC can hold above this support zone. Key Levels: Support Zone: $68,773 - $69,342 Take Profit (TP) Levels: TP1: $69,878 (minor resistance level, initial target) TP2: $70,166 (near key resistance, moderate target) TP3: $71,333 (stronger resistance, swing target) TP4: $72,657 (major resistance, extended target) Indicators: Ichimoku Cloud: BTC is trading within the cloud, signaling a potential trend change. If BTC breaks above the cloud, it could further confirm bullish momentum. RSI: The RSI is moving towards the oversold region but has yet to show a reversal, suggesting that buyers may step in soon. MACD: The MACD is below the signal line, but a potential crossover could occur if buying momentum increases. Trade Idea: Entry: Look for entries around the current support zone ($68,773 - $69,342) if Bitcoin shows further bullish candlestick patterns. Targets: TP1 at $69,878 TP2 at $70,166 TP3 at $71,333 TP4 at $72,657 if there is enough volume and momentum. Stop-Loss: Place a stop-loss just below the support at $68,773 to protect against unexpected downside. Potential Path: If BTC holds the support zone and confirms the triple bottom pattern, a rally could follow. A breakout above each target level can pave the way for further gains. Watch for consolidation at each resistance level for signs of strength before BTC moves higher. This setup combines technical analysis with Ichimoku, RSI, and MACD indicators, aiming to capture a potential bullish reversal if the support zone holds. Remember to adjust your position size and trade management based on your risk tolerance. Good luck with your trade, and may the market be in your favor! 📈Longby ProfitLanderCharts3
BTCUSD: Local Correction Ahead! Sell! Welcome to our daily BTCUSD prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68,452$ Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals115